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Virginia FFA Foundation INC FY2020 filing

Tax-deductible

Weyers Cave, VA501(c)(3)Human Services EIN 54-1291124Revenue $149K in FY2020Latest return filed Nov 13, 2025

On file with the IRSvaffa.orgWeyers Cave, VATax-exempt since Jan 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To promote the best interest of students and those involved in agricultural education/FFA in order to enhance opportunities that will enable every student to reach their maximum potential of a productive citizen of the commonwealth.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Plus $2.5M in investments, Pt X · Ln 11–13
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$299K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
Spent
$175K
To programs
78%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$149K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$268K
FY2022$349K
FY2023$445K
FY2024$554K
Expenses
$175K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$342K
FY2022$357K
FY2023$435K
FY2024$465K
Net assets
$2.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$2.2M
FY2023$2.5M
FY2024$2.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $137K Management & general 22% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Jennifer Armstrong
Executive Director
$32,500Pt VII · Sec A
$0Pt VII · Sec A
Jesse Martin
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Randy Roller
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Alex White
Director
$0Pt VII · Sec A

Jennifer Armstrong’s $53K as Executive Director is at the 42nd percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Armstrong$53,114$48,263$47,219$40,313$32,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Virginia FFA Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports students and agricultural education to boost opportunities and potential.

Questions for Virginia FFA Foundation INC

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1 program · $137K · in their own filed words · FY2020
01

Providing funding for virginia ffa association members travel to regional and national competitions, and contest awards for state competitions. Provided funding for virginia ffa association state officers to fulfill their duties in outreach and education to more than 8,000 ffa members accross the commonwealth.

$137Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Virginia Farm Bureau Federation INCFY2025$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 19 grants · $821K · 2020–2024
Unitemized GrantFY2024$76,197
Unitemized GrantFY2024$70,604
Unitemized GrantFY2024$46,760
Unitemized GrantFY2024$33,033
Unitemized GrantFY2023$102,412
Unitemized GrantFY2023$73,504
Unitemized GrantFY2023$51,096
Unitemized GrantFY2023$23,956
Unitemized GrantFY2023$4,723
Unitemized GrantFY2022$88,394
Unitemized GrantFY2022$28,295
Unitemized GrantFY2022$18,000
Unitemized GrantFY2022$6,937
Unitemized GrantFY2021$114,724
Unitemized GrantFY2021$31,727
Unitemized GrantFY2021$17,211
Unitemized GrantFY2020$17,874
Unitemized GrantFY2020$9,423
See all 19 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$149K
Ln 12
Gifts and grantsLn 1h$128K
Other incomeLn 4–11$21K
Money outPt IX
$175K
Ln 25
Programscol B$137K
Managementcol C$39K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$2.6M
LiabilitiesLn 26$299K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$128K
Government grantsLn 1e$26K
Other incomeLn 4–11$21K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$63K
Land, buildings, equipmentLn 10c$6K
InvestmentsLn 11–13$2.5M
Total assetsLn 16$2.6M
LiabilitiesLn 26$299K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$30K
Share of the $2.5M endowmentSch D 1g1.2%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$2.5M$2.2M$1.9M$2.0M$1.8M
Given inLn 1b$7K$48K$28K$26K$22K
SpentLn 1d–1f$35K$50K$33K$24K$31K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$28K$63K
InvestmentsLn 11–13$2.2M$2.5M
Land, buildings, equipmentLn 10c$6K$6K
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$295K$299K
Net assetsLn 32$2.0M$2.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$38K$38K
Pay of current officers, directors and key staffLn 5$32K$32K
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$25$25
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$30K$30K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$9K$9K
Information technologyLn 14$8K$8K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$25K$25K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$1K$1K
Total functional expensesLn 25$175K$137K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $554K$465K$89K$2.8M 990 PDF
FY2023Filed with the IRS Sep 3, 2024 $445K$435K$10K$2.5M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $349K$357K−$8K$2.2M 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $268K$342K−$73K$2.5M 990 PDF
FY2020 ViewingFiled with the IRS Aug 16, 2021 $149K$175K−$26K$2.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $148,824 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $165,058$128,108
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $15,352$20,716
I-12 Total revenuePrior year $180,410$148,824
I-13 Grants and similar amounts paidPrior year $128,144$38,341
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $35,525$39,863
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $80,134$97,102
I-18 Total expensesPrior year $243,803$175,306
I-19 Revenue less expensesPrior year −$63,393−$26,482
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $148,824 across 6 lines filed
VIII-1e Government grants$26,500
VIII-1f All other contributions, gifts and grants$101,608
VIII-1h Total contributions, gifts and grants$128,108
VIII-8 Net income from fundraising eventsExcluded from tax $18,900$18,900
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,816$1,816
VIII-12 Total revenueRelated to mission $1,816 · Unrelated business $0 · Excluded from tax $18,900$148,824
Part IX · Statement of functional expenses $175,306 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $38,341$38,341
IX-5 Pay of current officers, directors and key staffPrograms $32,500$32,500
IX-7 Other salaries and wagesPrograms $4,530$4,530
IX-10 Payroll taxesPrograms $2,833$2,833
IX-11b Legal feesManagement $25$25
IX-11c Accounting feesManagement $5,738$5,738
IX-11f Investment management feesManagement $29,510$29,510
IX-12 Advertising and promotionPrograms $10,543$10,543
IX-13 Office expensesPrograms $8,578$8,578
IX-14 Information technologyPrograms $7,992$7,992
IX-17 TravelPrograms $5,069$5,069
IX-19 Conferences, conventions and meetingsPrograms $25,252$25,252
IX-23 InsuranceManagement $2,015$2,015
IX-24 Other expenses (24a–d)Programs $1,095 · Management $1,285$2,380
IX-25 Total functional expensesPrograms $136,733 · Management $38,573 · Fundraising $0$175,306
Part X · Balance sheet $2,566,934 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,363$2,217
X-2 Savings and temporary cash investmentsStart of year $25,156$60,811
X-10c Land, buildings and equipment, netStart of year $5,560$5,560
X-11 Publicly traded securitiesStart of year $2,238,287$2,498,346
X-16 Total assetsStart of year $2,271,366$2,566,934
X-17 Accounts payable and accrued expensesStart of year $2,688$6,946
X-21 Escrow or custodial accountsStart of year $291,994$291,994
X-26 Total liabilitiesStart of year $294,682$298,940
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,976,684$2,267,994
X-32 Total net assets or fund balancesStart of year $1,976,684$2,267,994
X-33 Total liabilities and net assetsStart of year $2,271,366$2,566,934
Part XI · Reconciliation of net assets $2,267,994 net assets at year end
XI-1 Total revenue$148,824
XI-2 Total expenses$175,306
XI-3 Revenue less expenses−$26,482
XI-4 Net assets at start of year$1,976,684
XI-5 Net unrealized gains (losses) on investments$317,792
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,267,994

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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